Bike to work
What Is The Bike To Work Scheme?
The Cycle to Work Scheme (generally known as the Bike to Work Scheme) is a tax incentive scheme to encourage employees to cycle to work. Under the scheme an employer can pay for a new bicycle (including bicycle accessories) and the employee then repays the cost in regular installments from their gross salary.
You are not liable for tax, PRSI or the Universal Social Charge on your repayments.
How much can I spend on the Bike to Work Scheme, and how often can I use it?
The scheme applies to bikes and equipment up to the value of €1,000.
As an employee you can use the scheme once every five years.
How do I buy a bike under the Bike to Work Scheme?
What equipment does the Bike to Work Scheme cover?
The scheme covers the following items, which must be purchased as new (not secondhand):
- New bikes and tricycles
- New Electric bikes (electrically-assisted bikes that require some effort to propel)
- Cycle helmets
- Bells and horns
- Lights (including dynamo packs)
- Mudguards and skirt guards
- Cycle clips
- Panniers, luggage carriers and straps
- Locks and chains
- Puncture repair kits and cycle tool kits
- Reflective clothing
- Bike reflectors
The scheme does not include motorbikes, mopeds, scooters or electric-bike conversion kits.